EUR/USD Price Analysis: Euro on track to end session in the red, trades below 1.0900 figure


  • EUR/USD rebound is losing steam as the market is retracing down from the 1.0900 figure.
  • The level to beat for bears is the 1.0840 support. 
 

EUR/USD daily chart 

 
EUR/USD is rebounding from the 1.0800 figure while trading below its main SMA (simple moving average) on the daily chart. 
 

EUR/USD four-hour chart

 
EUR/USD is consolidating the last bear leg started in late March as the spot is trading below the main SMAs suggesting a negative bias in the medium term. Bears are looking for a break below the 1.0840 level while resistnce can be seen near 1.0916 and 1.0965 levels according to the Technical Confluences indicator.  
 
 
Resistance: 1.0916, 1.0965, 1.1000
Support: 1.0840, 1.0780, 1.0735
 

 

Additional key levels

EUR/USD

Overview
Today last price 1.0865
Today Daily Change -0.0027
Today Daily Change % -0.25
Today daily open 1.0892
 
Trends
Daily SMA20 1.095
Daily SMA50 1.098
Daily SMA100 1.104
Daily SMA200 1.1067
 
Levels
Previous Daily High 1.0926
Previous Daily Low 1.0784
Previous Weekly High 1.1144
Previous Weekly Low 1.0773
Previous Monthly High 1.1497
Previous Monthly Low 1.0636
Daily Fibonacci 38.2% 1.0872
Daily Fibonacci 61.8% 1.0838
Daily Pivot Point S1 1.0808
Daily Pivot Point S2 1.0725
Daily Pivot Point S3 1.0666
Daily Pivot Point R1 1.0951
Daily Pivot Point R2 1.101
Daily Pivot Point R3 1.1093

 

 

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